According to a recent survey from a major Australian lender, 82% of first home buyers are hoping to snap up a bargain due to the economy worsening. This is compared to 66% of investors and 57% of owner occupiers. Whilst 51% of first home buyers expect to get onto the property ladder in the next 12 months.
Areas to buy in
Many first home buyers are also considering purchasing in regional areas, due to the attraction of a quieter lifestyle and a cheaper buy in.
For those who want to move onto purchasing their first property, there are many grants and concessions currently available, depending on whether you are building or buying an existing property.
A well informed broker can help guide you along your property buying journey, and help establish which grants or concessions you may be eligible for.
Assessing your eligibility to buy your first home
At Bee Finance Savvy, we can assist you in the early stages of your home buying journey, helping you to determine how much you will need to save for your deposit, and to establish how much you may be able to borrow based on your income and expenses.
This will give you a solid goal to work towards, until the time that you are ready to start making offers on your dream property.
When you are ready to move ahead, we will assist you with a fully assessed pre approval, so that you can be confident with your borrowing power before you make any offers on a property.
This will give you the confidence you need to plan your property search and negotiate with agents.
If you are wishing to apply for a pre approval for your first home, one of our lovely brokers can assist you. We can answer all your questions, with an obligation free consultation.
If you’d like to hear from just some of our satisfied customers, take a look at our reviews on WOMO https://www.wordofmouth.com.au/reviews/bee-finance-savvy-miranda